Thai Credit Retail Bank is planning a domestic initial public offering of up to US$400 million, according to people close to the matter as reported by IFR News.
Thai Credit Retail Bank is a microfinance lender in Thailand, established in 1970 and granted licence in 2007. The bank currently has the biggest market share in the microfinance and nano finance market in Thailand.
Thai Life Insurance Public Company Limited (TLI) and Olympus Capital Asia are among the bank’s shareholders.
TLI recently launched its IPO and is on pace to become the biggest entrance this year in the Thai stock market. TLI securities are expected to be traded in the SET Index on July 25, 2022.
IFR reported that Bualuang Securities is working on the transaction.
